Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica Sells 6,040 Shares

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 6,040 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the sale, the executive now directly owns 174,672 shares in the company, valued at $1,944,099.36. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Nicholas Letica also recently made the following trade(s):

• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.21, for a total value of $44,346.76.

Two Harbors Investment Stock Performance

Shares of NYSE TWO traded down $0.19 during mid-day trading on Friday, hitting $11.09. The stock had a trading volume of 1,018,336 shares, compared to its average volume of 1,484,618. The firm has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day moving average of $11.70 and a two-hundred day moving average of $12.81. Two Harbors Investment Corp. has a twelve month low of $10.98 and a twelve month high of $14.27.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. The firm had revenue of $112.64 million during the quarter. During the same period last year, the firm posted ($0.01) EPS. Research analysts predict that Two Harbors Investment Corp. will post 0.47 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 16.23%. The ex-dividend date of this dividend is Friday, January 3rd. Two Harbors Investment’s dividend payout ratio is presently -37.34%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Compass Point lowered their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating on the stock in a report on Thursday, October 17th. StockNews.com upgraded Two Harbors Investment to a “sell” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada lowered their price objective on Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.71.

Institutional Trading of Two Harbors Investment

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Two Harbors Investment by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock worth $3,583,000 after buying an additional 3,391 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Two Harbors Investment during the third quarter worth approximately $64,000. Geode Capital Management LLC lifted its holdings in Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after purchasing an additional 48,264 shares in the last quarter. Barclays PLC boosted its stake in Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock worth $2,395,000 after purchasing an additional 133,869 shares during the last quarter. Finally, State Street Corp raised its position in shares of Two Harbors Investment by 2.7% in the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock valued at $53,814,000 after buying an additional 102,294 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.